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        Companies Law

        Rule 30 - Penalty

        Companies (Management and Administration) Rules, 2014
        Chapter 01

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        Penalty for non-compliance imposes fines on the company and defaulting officers, with additional daily fines for continuing breaches. Rule 30 subjects a company and every officer or other person in default to a fine for failure to comply with any provision of the rule, and imposes an additional daily fine for each day after the first during which the contravention continues, thereby creating both an initial sanction and a continuing daily sanction to compel compliance.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Penalty for non-compliance imposes fines on the company and defaulting officers, with additional daily fines for continuing breaches.

                                Rule 30 subjects a company and every officer or other person in default to a fine for failure to comply with any provision of the rule, and imposes an additional daily fine for each day after the first during which the contravention continues, thereby creating both an initial sanction and a continuing daily sanction to compel compliance.


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